Gold futures slide further

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Source: Marketwatch

Gold futures declined failing to recover after 7% drop last week. Analysts claim the reason is stronger US dollar as it makes the dollar-priced metal more expensive for other currency holder and decreases the safe-haven appeal of the commodity. Gold futures for delivery in February lost $4.90 to $1,593.20 an ounce.

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Mon, 19 Dec 2011 18:51:43 GMT

Oil falls below $94

Crude oil futures extended losses on Monday after tumbling by over 7% in the last three trading sessions. The commodity was affected by the death of Kim Jong-il and the ECB president's announcement on the  ECB played down the role in solving debt crisis. On the New York Mercantile Exchange,  light, sweet crude oil futures for delivery in January lost 32 cents to $93.21

Mon, 19 Dec 2011 18:51:19 GMT

Wholesale sales in Canada increase more than expected

Canada's wholesale sales increased more than initially expected in October, according to official data. The sales added 0.9% in October as compared to 0.6% increase expected. The wholesale sales increased by 8.3% on annualized rate in October and totaled CAD49.2 billion for the month. Following the news, Canadian currency edged up against the USD and the pair USD/CAD lost 0.35% to 1.0345.

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